Moweaqua, IL is a small town located in Shelby County. It has a population of 62550 people as of 2020. The 2 bedroom rent in this town is $1,110 while the US average for 2 bedroom rent is $1,430. Additionally, the Grocery Cost Index in Moweaqua is 93 compared to 100 in the US. This indicates that Moweaqua offers an affordable cost of living.
The local businesses within Moweaqua include O'Briens Pharmacy, Sloan Implement Co., Moweaqua Foods Inc., and J&B Power Equipment. Many residents also choose to shop at neighboring towns such as Decatur or Pana for more retail stores and restaurants. Despite its close proximity to larger cities, Moweaqua retains its small-town charm and provides an affordable cost of living for those who call it home.
Moweaqua (zip 62550) has an unemployment rate of 6.3%. The US average is 6.0%.
Moweaqua (zip 62550) has seen the job market decrease by -9.8% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Moweaqua (zip 62550)
- The Sales Tax Rate for Moweaqua (zip 62550) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Moweaqua (zip 62550) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Moweaqua (zip 62550)
- The average income of a Moweaqua (zip 62550) resident is $30,592 a year. The US average is $37,638 a year.
- The Median household income of a Moweaqua (zip 62550) resident is $71,912 a year. The US average is $69,021 a year.